Kentucky Retirement Systems Sells 1,232 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Kentucky Retirement Systems lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,999 shares of the real estate investment trust’s stock after selling 1,232 shares during the quarter. Kentucky Retirement Systems’ holdings in Digital Realty Trust were worth $3,313,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DLR. Rise Advisors LLC lifted its position in shares of Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares in the last quarter. GoalVest Advisory LLC bought a new stake in shares of Digital Realty Trust in the first quarter worth $29,000. Bfsg LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter worth $31,000. Turtle Creek Wealth Advisors LLC acquired a new position in Digital Realty Trust during the fourth quarter worth $32,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in Digital Realty Trust during the fourth quarter worth $32,000. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Wells Fargo & Company boosted their target price on shares of Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Barclays boosted their target price on shares of Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a report on Wednesday. Mizuho started coverage on shares of Digital Realty Trust in a report on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price on the stock. Finally, BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $144.00 to $170.00 in a report on Wednesday, June 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $152.20.

Digital Realty Trust Price Performance

Shares of DLR stock traded down $1.72 on Friday, reaching $145.65. The company had a trading volume of 3,204,947 shares, compared to its average volume of 1,405,666. The stock has a market capitalization of $45.51 billion, a PE ratio of 40.46, a price-to-earnings-growth ratio of 10.55 and a beta of 0.59. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $162.58. The business’s 50-day moving average is $149.57 and its 200 day moving average is $144.48.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Digital Realty Trust had a return on equity of 6.07% and a net margin of 20.58%. The firm’s revenue was down .7% compared to the same quarter last year. During the same period last year, the company posted $1.68 EPS. Equities research analysts forecast that Digital Realty Trust, Inc. will post 6.67 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $1.22 dividend. The ex-dividend date was Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.35%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.